Complete the Following Using the Terms Listed

question 135

Multiple Choice

Complete the following using the terms listed.
-_____ is the process of dividing work activities into units within an organization.

• A)corporate culture
• B)Management
• C)organization
• D)Top management
• E)Departmentalization
• F)Vision
• G)delegation
• H)matrix structure
• I)span of management
• J)controlling
• K)decentralization
• L)chain of command
• M)SWOT analysis
• N)Contingency planning
• O)nonprogrammed decision
• P)autocratic leaders
• Q)Human skills
• R)mission statement
• S)competitive differentiation
• T)Empowerment

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Definitions:

U-Shaped Average

This term seems unclear; possibly referring to the 'U-shaped' curve of the average cost, which decreases, reaches a minimum, and then increases with production volume.

Price Elasticity

Evaluating how price changes for a good translate into variations in consumer interest.

Cost of Entry

The initial capital and expenses required to start a business or enter a market.

Economies of Scale

The cost advantage achieved by an enterprise when production becomes efficient, as the scale of the operation increases.